DOCSLIB.ORG

Investment Policy Review of Sierra Leone

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Investment Policy Review of Sierra Leone 81&7$' 81,7('1$7,216&21)(5(1&(2175$'($1''(9(/230(17 7KH,QYHVWPHQW3ROLF\5HYLHZRI6LHUUD/HRQH LVWKHODWHVWLQDVHULHVRILQYHVWPHQWSROLF\UHYLHZVXQGHUWDNHQE\81&7$' ,19(670(1732/,&<5(9,(: DWWKHUHTXHVWRIFRXQWULHVLQWHUHVWHGLQLPSURYLQJWKHLULQYHVWPHQWIUDPHZRUNDQGFOLPDWH 7KHFRXQWULHVLQFOXGHGLQWKLVVHULHVDUH (J\SW 6,(55$/(21( 8]EHNLVWDQ 8JDQGD ,19(670(1732/,&<5(9,(:6,(55$/(21( 3HUX 0DXULWLXV (FXDGRU (WKLRSLD 7DQ]DQLD %RWVZDQD *KDQD /HVRWKR 1HSDO 6UL/DQND $OJHULD %HQLQ .HQ\D &RORPELD 5ZDQGD =DPELD 0RURFFR 9LHW1DP 'RPLQLFDQ5HSXEOLF 1LJHULD 0DXULWDQLD %XUNLQD)DVR %HODUXV %XUXQGL 9LVLWWKHZHEVLWHRQ,35V ZZZXQFWDGRUJLSU 81,7('1$7,216 81,7('1$7,216 United Nations Conference on Trade and Development Investment Policy Review Sierra Leone UNITED NATIONS New York and Geneva, 2010 Investment Policy Review of Sierra Leone NOTE UNCTAD serves as the focal point within the United Nations Secretariat for all matters related to foreign direct investment, as part of its work on trade and development. This function was formerly carried out by the United Nations Centre on Transnational Corporations (1975–1992). UNCTAD’s work is carried out through intergovernmental deliberations, research and analysis, and technical assistance activities. The term “country” as used in this study also refers, as appropriate, to territories or areas; the designations employed and the presentation of the material do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries. In addition, the designations of country groups are intended solely for statistical or analytical convenience and do not necessarily express a judgment about the stage of development reached by a particular country or area in the development process. The following symbols have been used in the tables: Two dots (..) indicate that data are not available or not separately reported. Rows in tables have been omitted in those cases where no data are available for any of the elements in the row. A hyphen (-) indicates that the item is equal to zero or its value is negligible. A blank in a table indicates that the item is not applicable. A slash (/) between dates representing years – for example, 2004/05, indicates a financial year. Use of a dash (–) between dates representing years – for example, 2004–2005 – signifies the full period involved, including the beginning and end years. Reference to the “dollars” ($) means United States dollars, unless otherwise indicated. Annual rates of growth or change, unless otherwise stated, refer to annual compound rates. Details and percentages in tables do not necessarily add to totals because of rounding. The material contained in this study may be freely quoted with appropriate acknowledgement. UNCTAD/DIAE/PCB/2009/14 UNITED NATIONS PUBLICATION Sales No. E.10.II.D.8 ISBN 978-92-1-112785-0 Copyright © United Nations, 2010 All rights reserved II III Investment Policy Review of Sierra Leone PREFACE The UNCTAD Investment Policy Reviews are intended to help countries improve their investment policies and familiarize governments and the international private sector with an individual country’s investment environment. The reviews are considered by the UNCTAD Commission on Investment, Enterprise and Development. The Investment Policy Review of Sierra Leone, initiated at the request of the government, was carried out through a fact-finding mission in June 2008. The mission received the full cooperation of the relevant ministries and agencies, in particular the Ministry of Trade and Industry and the Sierra Leone Investment and Export Promotion Agency (SLIEPA). The mission also benefitted from the views of the private sector, foreign and domestic, and the resident international community, particularly bilateral donors and development agencies. A preliminary version of this report was discussed with stakeholders at a national workshop in Freetown on 9 October 2009. The final report reflects written comments from various Ministries of the Government of Sierra Leone, as collected by the Ministry of Trade and Industry and SLIEPA. The suitability and effectiveness of the regulatory regime is assessed against the following criteria: (a) adequate promotion and protection of the public interest; (b) adequate promotion of investment and sustainable socio-economic development; and (c) effectiveness and implementation of methods employed, given the public interest, development objectives and the legitimate concerns of investors that rules and procedures do not unduly burden their competitiveness. International practices are used as benchmark when making the assessment and proposing recommendations in the report. The review also concentrates on the development of an overall strategy for the attraction and retention of foreign direct investment. This follows a specific request from the Government of Sierra Leone. This report was prepared by the Investment Policy Review team under the supervision of Chantal Dupasquier. James Zhan provided overall guidance. Mario Berrios, Paige Griffin and Craig Van Grasstek drafted the report, which benefited from substantive contributions from Rory Allan, Alexandre de Crombrugghe, Quentin Dupriez, Anna Joubin-Bret, Massimo Meloni and Violeta Mitova. Farrel Elliott, a local consultant, and Da Huo provided research assistance. Comments and suggestions were received from UNCTAD colleagues, including Joachim Karl and George Lipimile, within the context of an internal peer review process. It was funded by the Governments of Ireland and Sweden, which also provided financing for some follow-up activities. It is hoped that the analysis and recommendations of this review will help Sierra Leone achieve its development goals, contribute to improved policies, promote dialogue among stakeholders and catalyse investment and the beneficial impact of FDI. Geneva, November 2009 II III V Investment Policy Review of Sierra Leone CONTENTS PREFACE . iii CONTENTS . v ABBREVIATIONS . viii INTRODUCTION . 1 I . FDI Trends and IMpact . 3 A. Economic background ..........................................................................................................................................3 1. Growth and macroeconomic developments........................................................................................... 3 2. Structure of the economy............................................................................................................................5 3. External sector ...............................................................................................................................................8 4. Infrastructure ................................................................................................................................................10 5. Social issues ................................................................................................................................................... 12 6. Current policies promoting investment and private sector development ....................................13 B. FDI trends ............................................................................................................................................................. 14 1. FDI size and growth .................................................................................................................................... 14 2. Distribution by sector ................................................................................................................................15 3. Distribution of FDI and countries of origin ...........................................................................................20 C. Impact of FDI ....................................................................................................................................................... 21 1. Infrastructure ................................................................................................................................................21 2. Technology and skills ..................................................................................................................................21 3. Employment and linkages ...........................................................................................................................21 4. Environment ..................................................................................................................................................22 5. Trade integration .........................................................................................................................................23 D. Assessment ...........................................................................................................................................................23 II . THE INVestMent FraMEWorK . 25 A. Entry and establishment of FDI .......................................................................................................................25 B. Treatment, protection and institutional responsibility for promotion of FDI ...................................27 1. Treatment and protection ........................................................................................................................27 2. International investment framework .....................................................................................................28
Load more

Recommended publications
  • Sierra Leone
    Coor din ates: 8°3 0′N 1 1 °3 0′W Sierra Leone Sierra Leone (/siˌɛrə liˈoʊn, -ˈoʊni/, UK also /siˌɛərə-, [6] Republic of Sierra Leone ˌsɪərə-/), officially the Republic of Sierra Leone, is a country in West Africa. It is bordered by Guinea to the northeast, Liberia to the southeast and the Atlantic Ocean to the southwest. It has a tropical climate, with a diverse environment ranging from savanna to 2 rainforests. The country has a total area of 7 1,7 40 km Flag Coat of arms (27 ,699 sq mi)[7] and a population of 7 ,07 5,641 as of Motto: "Unity, Freedom, Justice" the 2015 census.[2] Sierra Leone is a constitutional republic with a directly elected president and a Anthem: High We Exalt Thee, Realm of the Free unicameral legislature. Sierra Leone has a dominant unitary central government. The country's capital and largest city is Freetown (population 1,050,301). The second most populous city is Kenema (population 200,354) located 200 miles from Freetown. Sierra Leone is made up of five administrative regions: the Northern Province, North West Province, Eastern Province, Southern Province and the Western Area. These regions are subdivided into sixteen districts, which are further divided into 190 chiefdoms.[8][9] Sierra Leone was a British colony from 1808 to 1961. Sierra Leone became independent from the United Location of Sierra Leone (dark blue) Kingdom on 27 April 1961, led by Sir Milton Margai, – in Africa (light blue & dark grey) – in the African Union (light blue) – [Legend] who became the country's first prime minister.
    [Show full text]
  • Liberian Studies Journal
    VOLUME VI 1975 NUMBER 1 LIBERIAN STUDIES JOURNAL (-011111Insea.,.... , .. o r r AFA A _ 2?-. FOR SALE 0.1+* CHARLIE No 4 PO ßox 419, MECNttt+ ST tR il LIBERIA C MONROVIA S.. ) J;1 MMNNIIN. il4j 1 Edited by: Svend E. Holsoe, Frederick D. McEvoy, University of Delaware Marshall University PUBLISHED AT THE DEPARTMENT OF ANTHROPOLOGY, UNIVERSITY OF DELAWARE PDF compression, OCR, web optimization using a watermarked evaluation copy of CVISION PDFCompressor African Art Stores, Monrovia. (Photo: Jane J. Martin) PDF compression, OCR, web optimizationi using a watermarked evaluation copy of CVISION PDFCompressor VOLUME VI 1975 NUMBER 1 LIBERIAN STUDIES JOURNAL EDITED BY Svend E. Holsoe Frederick D. McEvoy University of Delaware Marshall University EDITORIAL ADVISORY BOARD Igolima T. D. Amachree Western Illinois University J. Bernard Blamo Mary Antoinette Brown Sherman College of Liberal & Fine Arts William V. S. Tubman Teachers College University of Liberia University of Liberia George E. Brooks, Jr. Warren L. d'Azevedo Indiana University University of Nevada David Dalby Bohumil Holas School of Oriental and African Studies Centre des Science Humaines University of London Republique de Côte d'Ivoire James L. Gibbs, Jr. J. Gus Liebenow Stanford University Indiana University Bai T. Moore Ministry of Information, Cultural Affairs & Tourism Republic of Liberia Published at the Department of Anthropology, University of Delaware James E. Williams Business Manager PDFb compression, OCR, web optimization using a watermarked evaluation copy of CVISION PDFCompressor CONTENTS page THE LIBERIAN ECONOMY IN THE NINETEENTH CENTURY: THE STATE OF AGRICULTURE AND COMMERCE, by M. B. Akpan 1 THE RISE AND DECLINE OF KRU POWER: FERNANDO PO IN THE NINETEENTH CENTURY, by Ibrahim K.
    [Show full text]
  • THE REBEL WAR YEARS WERE CATALYTIC to DEVELOPMENT in the SOCIAL ADVANCEMENT of WOMEN in POST-WAR SIERRA LEONE” a Dissertation in Fulfilment for the Award Of
    St. Clements University “THE REBEL WAR YEARS WERE CATALYTIC TO DEVELOPMENT IN THE SOCIAL ADVANCEMENT OF WOMEN IN POST-WAR SIERRA LEONE” A Dissertation In fulfilment For the Award of DDooccttoorr oo ff PPhhiilloossoopphhyy Submitted by: Christiana A.M. Thorpe B.A. Hons. Modern Languages Master of University Freetown – Sierra Leone May 2006 Dedication To the Dead: In Loving memory of My late Grandmother Christiana Bethia Moses My late Father – Joshua Boyzie Harold Thorpe My late Brother Julius Samuel Harold Thorpe, and My late aunty and godmother – Elizabeth Doherty. To the Living: My Mum: - Effumi Beatrice Thorpe. My Sisters: - Cashope, Onike and Omolora My Brothers: - Olushola, Prince and Bamidele My Best Friend and Guide: Samuel Maligi II 2 Acknowledgements I am grateful to so many people who have been helpful to me in accomplishing this ground breaking, innovative and what is for me a very fascinating study. I would like to acknowledge the moral support received from members of my household especially Margaret, Reginald, Durosimi, Yelie, Kadie and Papa. The entire membership and Institution of the Forum for African Women Educationalists (FAWE) Sierra Leone Chapter has been a reservoir of information for this study. I thank Marilyn, Gloria and Samuel for their support with the Secretariat and research assistance. To the hundreds of interviewees for their timely responses, trust and confidence, I will ever remain grateful. To daddy for the endless hours of brainstorming sessions and his inspirational support. Finally I would like to convey my gratitude to Dr. Le Cornu for his painstaking supervision in making this study a reality.
    [Show full text]
  • The Socio-Economic Impacts of Tourism Development in Sierra Leone: a Pilot Study
    European Business & Management 2020; 6(6): 128-135 http://www.sciencepublishinggroup.com/j/ebm doi: 10.11648/j.ebm.20200606.11 ISSN: 2575-579X (Print); ISSN: 2575-5811 (Online) The Socio-Economic Impacts of Tourism Development in Sierra Leone: A Pilot Study Alpha Thullah 1, *, Hongna Liu 2 1College of Tourism and Cuisine, Harbin University of Commerce, Harbin City, People’s Republic of China 2Business School, Harbin University of Commerce, Harbin City, People’s Republic of China Email address: *Corresponding author To cite this article: Alpha Thullah, Hongna Liu. The Socio-Economic Impacts of Tourism Development in Sierra Leone: A Pilot Study. European Business & Management . Vol. 6, No. 6, 2020, pp. 128-135. doi: 10.11648/j.ebm.20200606.11 Received : October 31, 2020; Accepted : November 16, 2020; Published : November 27, 2020 Abstract: Tourism is a fast-growing industry, and one of the most vital sectors that drive the economic growth of a nation. This current work investigates the socio-economic impact of tourism in Sierra Leone. Therefore, the objectives of this research are to (1) analyze the contribution of tourism to national employment and poverty alleviation (2) analyze the contribution of tourism to the local economy (3) assess the impacts of tourism on destination regions in Sierra Leone. A total of 130 respondents from different works of life are targeted for this study. Results revealed that tourism have provided employment opportunities for many people especially youths. However, the nature of employment ranged from full time to part time. Tourism has also help many locals to establish business enterprises to meet the needs and demands of tourists.
    [Show full text]
  • The Role of Tourism in the Development of Sierra Leone
    American Scientific Research Journal for Engineering, Technology, and Sciences (ASRJETS) ISSN (Print) 2313-4410, ISSN (Online) 2313-4402 © Global Society of Scientific Research and Researchers http://asrjetsjournal.org/ The Role of Tourism in the Development of Sierra Leone Bisolu Sylvanus Hotchinson Betts* Milton Margai College of Education and Technology Jomokenyatta Road Brookfields, Freetown Sierra Leone +232/0023230297234/+23276709929 Email: [email protected] Abstract Tourism is now one of the World’s largest industries and one of its fastest growing economic sectors for many countries, tourism is seen as a main instrument for regional development, as it stimulates new economic activities. Tourism may have a positive economic impact on the balance of payments, on employment, on gross income and production, but it may also have negative effects particularly on the environment. Unplanned and uncontrolled tourism growth can result in such a deterioration of the environment that tourist growth can be compromised. This study examines the role of tourism in the development of Sierra Leone with key references to both positive and negative economic contributions. The main research instrument used was the questionnaire which was administered among respondents from various sectors within the Tourism Industry in Sierra Leone. Data collected was analyzed by the use of the statistics packages for social sciences (SPSS). One thing I am looking forward to is that the Government will provide adequate fund for Tourism Development in the country. Keywords: Tourism; Development; Sierra Leone. 1. Introduction Tourism activities had been going on in Sierra Leone for quite some time, the first indication of government’s active involvement and interest in tourism development dates back to 1964 with the establishment of the Hotels, Travel Agencies, Airlines and National Tourist Board by an act of parliament.
    [Show full text]
  • Rebuilding War Torn Sierra Leone
    Munich Personal RePEc Archive A New Institutional Economics Perspective on Trademarks. Rebuilding Post Conflict Zones in Sierra Leone and Croatia Ghafele, Roya and Gibert, Benjamin University of Oxford, Oxfirst Ltd. April 2012 Online at https://mpra.ub.uni-muenchen.de/37859/ MPRA Paper No. 37859, posted 07 Apr 2012 12:22 UTC A New Institutional Economics Perspective on Trademarks. Rebuilding Post Conflict Zones in Sierra Leone and Croatia - UNPUBLISHED WORKING DRAFT Roya Ghafele & Benjamin Gibert Email: [email protected] & [email protected] 1 ABSTRACT This paper evaluates the role of collective trademarks in enhancing the ability of tourism clusters to stimulate economic growth, local ownership and innovative governance. Illustrating how intellectual property (IP) law can be leveraged to achieve this, we offer a new economic rationale for trademarks in the context of tourism. Two post-conflict case studies of Sierra Leone and Croatia provide a crash test for this approach. By emphasizing the role of law, institutions and infrastructure in stimulating tourism in post-conflict zones, this paper echoes new institutional economics perspectives that highlight the impact of legal structure on development. Despite widespread acknowledgement of the cluster attributes of tourism, the role of tourism and clustering in regional development policy is seldom addressed. To our knowledge, the role of collective trademarks in strengthening tourism clusters has not been investigated. Keywords: collective trademarks, intellectual property, clusters, new institutional economics, tourism management, governance THE NEW INSTITUTIONAL ECONOMICS OF TOURISM CLUSTERS New institutional economics (NIE) conceptualizes the economy as a dynamic system constituted by institutional and legal frameworks (North 1995: 2; Mercuro 1989: 10).
    [Show full text]
  • TOURISM Sierra Leone Tourism
    TOURISM Sector Overview Sierra Leone Tourism Sector Overview Sector Overview The Tourism sector in Sierra Leone has become one of the top priority sectors due to the vast improvement demonstrated over the years, with the huge inflow of foreign direct investment and improvement in quality and standards by our domestic investors in this sector. Sierra Leone is definitely back on the map as a tourist destination , with the surge in the number of tourists visiting Sierra Leone annually witnessing the emergence of International Brands partnering with local entrepreneurs. This has led to attracting The Hilton International , Radisson Blu and The Savoy who are providing either joint ventures or management partnership. The Best Kept Secret in Destination Tourism 18 national heritage With 360km of beautiful , sites linked to Sierra unspoilt white sand beaches… Leone’s rich past of both the slave trade and as a …31 protected areas with home for returning unique wildlife including slaves… …all only 3 hours away pygmy hypos, chimpanzees, from Lagos, Africa’s jungle elephants, and largest city, 8 hours many species of birds… away from the US, and 6 hours from Europe… …world-class game fishing, with record …highlight the opportunities for setting tarpon catches first movers in both leisure and business hospitality in Sierra Leone A History of Interrupted Development... Tourism expanded rapidly during the 1980’s There were a number of international brands operating in country Frantel Hotel Group, Caledonia Hotel Management, Hotel Sofitel and Accor Tourist
    [Show full text]
  • Rural Livelihoods in Sierra Leone: Longitudinal Insights from Panguma and Kayima
    Rural Livelihoods in Sierra Leone: Longitudinal Insights from Panguma and Kayima Jerram Bateman A thesis submitted for the degree of Doctor of Philosophy at the University of Otago, Dunedin, New Zealand April 2017 Abstract ‘Sustainability’ has become a buzz word in development in recent decades, particularly in relation to livelihoods approaches. ‘Sustainable development’ is commonly defined as that which meets the needs of the present without compromising the ability of future generations to meet their own needs; while in the livelihood context, sustainability is taken to mean the ability to maintain and improve livelihoods while maintaining or enhancing the local and global assets and capabilities on which livelihoods depend. In line with these conceptualisations, livelihoods research and practice tends to focus on a snapshot of livelihood systems in the present context, with the aim of enhancing their future capacity in a sustainable way. In contrast, there are relatively few examples of studies which seek to understand livelihood systems in specific rural communities over a long period of time, particularly in an African context. This research seeks to address this deficit by exploring continuity and change in rural livelihoods over a forty year period in Panguma and Kayima, two small towns in the Eastern Province of Sierra Leone. Over this time, Sierra Leone has been stalked by social, economic and environmental instability. Thirty years of often corrupt and dysfunctional governance led to a brutal civil war throughout the 1990s, which resulted in more than 50,000 deaths, and the displacement of over half the population; climate change has created uncertainty i regarding the sustainability of traditional agricultural practices; and communicable diseases such as malaria and Lassa Fever remain constant threats, while the recent Ebola epidemic has had a significant impact on the predominantly agricultural population’s ability to generate a livelihood.
    [Show full text]
  • Sustainable Development Tourism Project (P164212)
    The World Bank Sierra Leone Sustainable Development Tourism Project (P164212) Note to Task Teams: The following sections are system generated and can only be edited online in the Portal. Public Disclosure Authorized Public Disclosure Authorized Project Information Document/ Integrated Safeguards Data Sheet (PID/ISDS) Concept Stage | Date Prepared/Updated: 28-Dec-2017 | Report No: PIDISDSC22352 Public Disclosure Authorized Public Disclosure Authorized Jun 08, 2017 Page 1 of 13 The World Bank Sierra Leone Sustainable Development Tourism Project (P164212) BASIC INFORMATION A. Basic Project Data OPS TABLE Country Project ID Parent Project ID (if any) Project Name Sierra Leone P164212 Sierra Leone Sustainable Development Tourism Project (P164212) Region Estimated Appraisal Date Estimated Board Date Practice Area (Lead) AFRICA May 28, 2018 Sep 20, 2018 Finance, Competitiveness and Innovation Financing Instrument Borrower(s) Implementing Agency Investment Project Financing Ministry of Finance Ministry of Tourism & Cultural Affairs Proposed Development Objective(s) To improve the tourism business environment, enhance market access, and improve tourism products and services in Sierra Leone. Financing (in USD Million) Finance OLD Financing Source Amount International Development Association (IDA) 10.00 Total Project Cost 10.00 Environmental Assessment Category Concept Review Decision B-Partial Assessment Track II-The review did authorize the preparation to continue Note to Task Teams: End of system generated content, document is editable from here. Other Decision (as needed) Jun 08, 2017 Page 2 of 13 The World Bank Sierra Leone Sustainable Development Tourism Project (P164212) B. Introduction and Context Country Context 1. Sierra Leone is a low income country with a population of 7 million people in the West Coast of Africa with tropical climate and a diverse topography.
    [Show full text]
  • Sierra Leone Possesses Pristine Beaches and Islands, Mountains
    Project Fiduciary Tel: (+232-76-672-186) Management Unit –PFMU Email: [email protected] 13A Howe Street Freetown Sierra Leone GOVERNMENT OF SIERRA LEONE DATE OF ISSUE: 25th FEBRUARY, 2021 SIERRA LEONE ECONOMIC DIVERSIFICATION PROJECT INDIVIDUAL CONSULTING SERVICES EXPRESSION OF INTERESTS FOR CONSULTING SERVICES FOR UPDATING QUALITY STANDARDS AND LICENSING PROCESSES FOR LODGING ESTABLISHMENTS IN SIERRA LEONE AND PROVIDING COVID-19 HEALTH AND SAFETY PROTOCOLS Sierra Leone possesses pristine beaches and islands, mountains and rich biodiversity, interesting wildlife, friendliness and rich cultural capital among people and its special place in the world history of anti-slavery movement as ‘the land of the free.’ The Government of Sierra (GoSL) has officially prioritized tourism in the newly formulated National Development Plan 2019 - 2023. The new National Tourism Policy states the goal of tourism in Sierra Leone is to “generate foreign exchange, encourage even development, promote tourism-based rural enterprises, generate employment, accelerate rural-urban integration and foster socio-cultural unity among the various regions of the country through the promotion of domestic and international tourism.” (GoSL, 2017). Its National Ecotourism Policy states the goal of receiving 20,000 international and 30,000 domestic ecotourism visits to sites by 2025 (GoSL, 2017). The World Bank is preparing an Economic Diversification Project, one of the components of which will take an integrated destination approach to improving the performance of Sierra Leone’s tourism sector. This will include facilitating the reduction of barriers to business success, assisting existing tourism providers with market access, and improving the quality of selected tourism products in order to place the country’s tourism sector on a sustainable and inclusive growth trajectory.
    [Show full text]
  • Sierra Leone Vision 2025: “Sweet-Salone”
    NATIONAL LONG TERM PERSPECTIVES STUDIES (NLTPS) SIERRA LEONE VISION 2025: “SWEET-SALONE” UNITED PEOPLE PROGRESSIVE NATION ATTRACTIVE COUNTRY STRATEGIES FOR NATIONAL TRANSFORMATION AUGUST 2003 Table of Contents Foreword by His Excellency Alhaji Dr. Ahmad Tejan Kabbah, President of the Republic of Sierra Leone v Preface by Mr Mohamed B. Daramy, Minister of Development and Economic Planning vii List of Acronyms ix Executive Summary xi Chapter 1 Vision 2025: An Overview 1 1.1 Introduction 1 1.2 Why Vision 2025? 2 1.3 The Vision 2025 Process 4 1.4 Key Development Principles 9 1.5 Strategic Thrusts and National Focus 10 Chapter 2 Situation Analysis 13 2.1 Introduction 13 A Economic Background 14 2.2 Economic Trends 14 2.2.1 Structure of the Economy 14 2.2.2 Macroeconomic Performance 15 2.3 Economic Recovery Efforts 18 B Politics and Governance 20 2.4 Political Destabilisation 20 C Sector Situation 23 2.5 The Social Sectors 23 2.5.1 Education and Literacy 23 2.5.2 Health and Sanitation 24 2.5.3 Food and Nutrition 25 2.5.4 Population, Unemployment and Poverty 25 2.5.5 Shelter and Human Settlements 27 2.6 The Environment 27 2.7 Science and Technology 29 2.8 Physical Infrastructure 30 2.8.1 Transport 30 2.8.2 Telecommunications 31 2.8.3 Energy and Power 31 D Legacies of War, Challenges, Prospects 32 2.9 Impact of the War 32 2.10 Critical Challenges 33 2.11 Prospects for Future Development 35 i Chapter 3 Alternative Scenarios 37 3.1 Introduction 37 3.2 Assumptions for Constructing the Scenarios 38 3.3 Key variables of the Sierra Leone Scenarios
    [Show full text]
  • Sierra Leone - Liberia - Republic of Guinea
    Special Market Reports Issue 79 - SIERRA LEONE - LIBERIA - REPUBLIC OF GUINEA December 2016 Special Market Reports Issue 79 - Sierra Leone, Liberia, Republic of Guinea SIERRA LEONE – LIBERIA- Next election are planned for 2017 in Sierra Leone and REPUBLIC OF GUINEA: THE Liberia and 2020 in Guinea. SLEEPING BEAUTIES? Rapidly growing economies until Ebola crisis: Countries data profile - 2015 Economic data - 2015 Sierra Conakry Liberia Sierra Leone Guinea Liberia Leone GPD growth (%) 0.1 0 -21.1 Size (sq km) 245,800 99,000 71,700 FDI (% GDP) 1.3 35.1 11.6 Population (million) 12.6 4.5 6.4 Source: IMF Demographic growth (%) 2.7 2.2 2.4 Economies have been dominated by the mining sector Conakry: Monrovia: Freetown: Urban areas > 1 million which accounts for the majority of the export revenue (90 1.6 1.2 1.0 % in Sierra Leone and Guinea) and to a significant share of Last presidential elections 2015 2011 2012 GDP growth, due to abundant reserves of bauxite, gold, Next presidential elections 2020 2017 2017 diamonds and iron ore. Boosted by the mining sector, Source: IMF and World Bank Sierra Leone had one of the highest GDP in Sub-Saharan Africa’s generating a double-digit growth in 2012 and Recent return to stability 2013. After long years of armed conflicts in Liberia and Sierra While the service sector represents more than 40% of Leone and half a century of military regimes and several the GDP in Liberia and Guinea, Sierra Leone’s economy is coups d’état in Guinea, the three fledgling democracies’ dominated by agriculture (55% of the GDP).
    [Show full text]